Discovery, WarnerMedia win Justice Department clearance for merger

  • 📰 latimes
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 82%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Justice Department's approval clears the way for Discovery and WarnerMedia to merge this spring.

, showed little interest in challenging the tie-up between two traditional media companies.

With this week’s development, the companies said in an Securities and Exchange Commission filing that they have now satisfied closing conditions.Shareholder approval is largely certain because investors with more than 40% of the vote — cable pioneer John Malone and the Advance Newhouse media company — already have signaled their support. The merger should be complete in April or May.

The combination will bring together some of the biggest names in television — HBO, CNN, HGTV, Animal Planet and Food Network — and the Warner Bros. movie studio. Discovery’s streaming service, Discovery+, has also carved out a potent niche for viewers who love its crime stories and comfort food programming.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

RestoreTheSnyderVerse

Lol, I totally forgot that they hired a child to design their logo.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in CA

Canada Canada Latest News, Canada Canada Headlines